This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

HCP Reaches New 52-Week High (HCP)

NEW YORK (
TheStreet) --
HCP (NYSE:
HCP) hit a new 52-week high Wednesday as it is currently trading at $46.25, above its previous 52-week high of $46.23 with 1.2 million shares traded as of 1:25 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

HCP has a market cap of $18.96 billion and is part of the
financial sector and
real estate industry. Shares are up 10.5% year to date as of the close of trading on Tuesday.

HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 29.7, above the average real estate industry P/E ratio of 29.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HCP as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
HCP Ratings Report.